BDR 0.00% 6.5¢ beadell resources limited

As per BDR last announcement on 18th May, "Tranche 2 (raising...

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  1. 8,355 Posts.
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    As per BDR last announcement on 18th May,

    "Tranche 2 (raising $19 Million) is subject to shareholder approval at a general meeting of the Company expected to be held in late June 2018 (i.e. June 25th) , and is also subject to ongoing satisfactory progress on the turnaround of operations at the Tucano mine"
    ..
    My question is "What are the measure for ongoing satisfactory progress on the turnaround at Tucano"
    ..
    In real life, I have never seen a company being turned from loss making to profitable within 30 days ?
    ..
 
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